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Subject:
CREDIT CARD
Category: Business and Money Asked by: katysha-ga List Price: $2.50 |
Posted:
09 Apr 2005 18:12 PDT
Expires: 09 May 2005 18:12 PDT Question ID: 507322 |
I am 21 years old , receive 386.00 a month SSI check [4,682.00] a year is there some kind of credit card I can get? |
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There is no answer at this time. |
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Subject:
Re: CREDIT CARD
From: jack_of_few_trades-ga on 11 Apr 2005 10:44 PDT |
That definately depends on your credit. I had very little to no income for a couple years yet credit cards kept giving me 0% interest with no transfer or annual fees, so I kept a chunky ballance without paying interest while I was poor. If you have never had credit, then you can probably get a $500 balance card with a rate somewhere around 12%. Just type in "credit card" in a google search and you'll get thousands if not millions of cards waiting for your application. Remember to only apply to 1 or 2 cards because applying to alot will harm your credit. Also remember to keep your balance at 0 after every month if possible, keeping a balance at 12% is quite expensive. If you have missed payments on anything in the last few years, then I don't know if you can get a card or not.... but it seems to me they are desperate to loan money these days so who knows. |
Subject:
Re: CREDIT CARD
From: kirchsw-ga on 11 Apr 2005 14:34 PDT |
only chance I know of is with capital one(capitalone.com). They may require you to have a prepaid card till you prove you can make monthly payments. |
Subject:
Re: CREDIT CARD
From: jack_of_few_trades-ga on 12 Apr 2005 05:07 PDT |
That's a good point with the prepaid card Kirchsw. I hadn't thought about that... and a debit card with your checking account could be a good way to go too. It will save you the hassel of paying the bill every month and there will be no fees/interest. However a debit card won't improve your credit rating if that is your goal. |
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